1. Taiwan Stocks

  2. •

    Process industries

  3. •

    Textiles
Triocean Industrial Corporation Co., Ltd.

Triocean Industrial Corporation Co., Ltd.

TTWSE:1472
88.60
TWD
+0.50
(+0.57%)
5.76EPS
13.89P/E
4.66BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
43.34
45.54
33.97
62.21
57.67
46.28
33.06
2.81
23.05
44.77
58.6
49.97
69.41
71.4
Basic EPS, GAAP
-4.44
-2.87
-1.6
5.12
-3.5
-5.25
4.05
-28.54
-1.05
0.14
4.27
3.31
6.4
6.39
Free Cash Flow per Basic Share
0.4
-3.19
-1.68
-4.12
-6.09
-2.81
-23.62
-3.43
-3.84
6.03
5.76
6.06
11.58
0.14
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
1.82
3
- -
Book Value per Share
17.34
16.69
16.3
17.13
28.17
23.55
33.75
9.98
29.46
29.75
32.06
38.67
43.78
41.45
Tangible Book Value per Share
17.31
16.68
16.28
17.12
28.11
23.5
25.34
-9.27
11.14
12.9
22.15
30.29
35.35
33.02
Basic Weighted Avg Shares
20
22
22
13
13
13
14
15
26
26
33
47
52
53
Sales/Revenue/Turnover
882
982
752
798
757
599
453
42
602
1,169
1,948
2,335
3,643
3,750
Operating Margin (%)
-10.86
-6.08
-3.49
10.61
-5.27
-11.22
17.81
-132.56
1.71
-0.59
6.64
6.53
10.31
9.97
Depreciation Expense
50
40
39
35
37
40
65
57
48
57
26
20
21
22
Net Income, GAAP
-90
-62
-35
66
-46
-68
55
-425
-27
4
142
155
336
336
Effective Tax Rate (%)
- -
- -
- -
16.89
- -
- -
24.43
- -
- -
- -
6.51
21.15
14.17
14.6
Profit Margin (%)
-10.24
-6.3
-4.71
8.23
-6.07
-11.34
12.24
-1,014.74
-4.54
0.32
7.29
6.62
9.22
8.95
Working Capital
-211
-257
-134
-96
-127
-199
161
-233
-95
173
913
1,367
2,241
1,541
LT Debt
13
13
- -
9
1
- -
307
292
33
437
30
165
812
149
Total Equity
349
332
333
394
372
311
472
261
769
777
1,424
2,030
2,298
2,250
Return on Invested Capital (%)
- -
- -
- -
8.48
- -
- -
5.59
- -
- -
- -
5.8
4.9
10.41
9.28
Return on Capital (%)
- -
- -
- -
9.18
- -
- -
6.07
- -
- -
- -
7.69
6.67
11.61
10.56
Return on Common Equity (%)
-22.74
-16.37
-9.51
17.1
-12
-19.88
14.17
-116.12
-5.31
0.48
12.91
8.96
15.53
15.52

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
325
291
971
LT Borrowings
671
674
12
LT Finance Leases
141
139
137
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
52
52
52
Market Capitalization
4,619
4,986
4,661

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
4,438
4,518
4,239
Cash, Cash Equivalents & STI
3,473
3,299
3,172
Accounts Receivable, Net
177
158
77
Inventories
- -
- -
- -
Total Current Liabilities
2,197
2,129
2,698
Payables & Accruals
- -
- -
- -
ST Debt
325
291
971
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
33.82%
67.04%
13.22%
Free Cash Flow
76.8%
4.66%
114.67%
Net Income, GAAP
218.31%
727.76%
117.29%
Sales/Revenue/Turnover
143.85%
314.7%
55.99%
Total Cash Common Dividend
- -
- -
85.3%

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
573
537
547
678
2,335
2025
911
893
924
915
3,643
2026
914
996
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.13
0.26
0.51
1.34
3.31
2025
1.76
1.72
1.62
1.3
6.4
2026
1.78
1.69
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
1.82
2025
- -
- -
- -
- -
3
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Chi-Yu Chen
Full Time Employees
168
Sector
Process industries
Industry
Textiles
Address
No. 360, Jiabao Road Kaohsiung City KH Taiwan 815006
IPO Date
Jan 14, 1999
Website
triocean.com.tw
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Business
Triocean Industrial Corporation Co., Ltd. Triocean Industrial Corporation Co., Ltd. (1472.TW) engages primarily in construction services in Taiwan, including infrastructure projects, solar power systems, private residential developments, social housing, water supply installations, and electrical works; it also undertakes wholesale of building materials and maintains overseas polyester yarn manufacturing and trading in Thailand. Founded in 1968 and headquartered in Kaohsiung City, Taiwan, the company, formerly known as Tri Ocean Textile Co., Ltd., transformed from textile operations—such as weaving, dyeing, processing, and trading of nylon filament yarns, polypropylene fibers, knitting cloth, and woven fabrics—ceasing production in 2020 to focus on construction through subsidiaries like Shandong Construction and Shang Ting Construction, which hold Class A contractor qualifications for public works, water, and electrical projects. It operates as a Class A Water Supply Installation Contractor and Class A Electrical Installation Contractor, targeting public sector tenders, private engineering projects, and solar engineering across domestic markets. Recent developments include the name change to Triocean Industrial Corporation Co., Ltd. in September 2021, expansion into public works via subsidiary investments, and multiple contract awards in 2024-2025, such as subsidiary wins for Kaohsiung City's Qiaoxin Anju A and C social housing projects, National Kaohsiung University of Science and Technology school facilities, Pingtung County's seawater supply systems, and the National Sports Park's swimming and tennis facilities. These wins, along with the launch of shareholder e-cabinet services for electronic stock affairs, underscore ongoing operational growth in public infrastructure and social housing segments. The company employs approximately 162-168 people and reports trailing twelve-month revenue of TWD 3.03 billion.